During 20A, Thomas Company Recorded Bad Debt Expense of $15,000

question 125

Multiple Choice

During 20A, Thomas Company recorded bad debt expense of $15,000 and wrote off an uncollectible trade receivable amounting to $5,000. Assuming a January 1, 20A, credit balance in the allowance for doubtful accounts of $10,000, the December 31, 20A, balance in the allowance account would be which of the following?

• A) $25,000.
• B) $5,000.
• C) $15,000.
• D) $20,000.

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Definitions:

Quality Workforce

A team of employees recognized for their skills, competencies, and dedication to delivering high-quality work.

Career Planning

Is the process of systematically matching career goals and individual capabilities with opportunities for their fulfilment.

Affirmative Action

Commits the organisation to hiring and advancing minority groups and women.